Short-term debt obligations known as Treasury bonds are backed by the U.S. government. Over a billion dollars worth of U.S. Treasury bonds have already been tokenized on public blockchains like Polygon, Ethereum, and Stellar. Ripple has allocated $10 million to TBILL tokens issued by OpenEden.
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Markus Infanger, Senior Vice President at RippleX, stated that these bonds exemplify how real-world assets can be tokenized. He noted that institutions are actively exploring opportunities to tokenize assets, which helps investors diversify their portfolios. Ripple outlined its vision for tokenization earlier this year. In March, financial giant BlackRock launched its own tokenization fund called BUILT.
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